Insurance Companies and GCs
Yes, they are required to pay normal cost of doing business for the contractor (Job related or GC) according to the Texas Department of Insurance. They only have to pay the amount that was agreed on at the beginning of the contract, but should include OHP. Yes, there are plenty of laws and regulations that address overhead and profit. Contractors charge it and insurance companies pay it. That's the nature of the beast. Also, insurances charge insureds in their policies to cover it and keeping it is an illegal windfall. The insurance company that doesn't pay it is not only an exception to the rule but runs the risk of breach of contract and bad faith lawsuits as well as sanctions by insurance departments. There has been much litigation against insurance companies that mess around with overhead and profit, including several class action lawsuits against major insurance companies.
No
As of this date, liability insurance is not required but SB2029 requires that home improvement contractors disclose to home owners in writing to any potential customer whether or not they carry commercial liability insurance.
If you mean, "why," one possible reason is that health insurance reform required health insurance companies to spend the money they receive in premiums on, um, actual health care and not excessive overhead such as inflated executive compensation. .
Contractors will be required to carry a minimum of public liability insurance when working on sites. This provides indemnity against damage to property or persons caused by the contractor, his staff or his equipment.
There are many reasons a government contractor would be required to have DBA insurance. The most common reason one would have insurance is for legal protection.
There are a variety insurance companies that offer insurance in Ottawa. Which of these companies is the best is dependent upon many variables and what type of insurance is required. The best way to find which insurance is the best is to get individualized quotes from an insurance company.
Allstate insurance offers term life insurance with no exams.
When looking to buy insurance for the company limousine it may be possible to save time by buying the insurance required online. Companies such as Willis Programs and Lancer Insurance advertise that they sell specialized limousine insurance.
Commercial General Liability Insurance, otherwise known as CGL provides the coverage required for contractors in the construction trades
No. most insurance companies actually will put your boat on your house insurance believe it or not. Some companies still put it on the car but they are just trying to get more money out of you.
No. Every insurance companies are required those applicants to have at least one car to avain a car insurance.
Occasionally